The former 60th overall pick in the 2011 NBA Draft will be heading to Phoenix, while Sacramento will receive a $7 million trade exception and the rights to forward Alex Oriakhi, the 57th overall pick in 2013, according to Brian Windhorst of ESPN.

Thomas averaged career-highs of 20.3 points and 6.3 assists last season for the Kings. He is expected to serve as an ideal third guard to complement Eric Bledsoe and Goran Dragic in Phoenix, according to CBSSports.com NBA Insider Ken Berger.